• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

BoE’s Bailey says inflation above target is concerning – Yorkshire Post

October 9, 2021 by David Barret Leave a Comment

October 9, 2021

(Reuters) – Inflation running above the Bank of England’s target of 2.0 percent is very concerning and it has to be managed to prevent it from becoming permanently embedded, the bank’s governor, Andrew Bailey, said in an interview to The Yorkshire Post newspaper.

“We are going to have a very delicate and challenging job on our hands so we have got to in a sense prevent the thing becoming permanently embedded because that would obviously be very damaging,” Bailey was quoted as telling the newspaper.

“Unfortunately, if you look at our last forecast, it is going to go higher, I am afraid.”

Bailey’s comments appeared to favour the more hawkish side of the debate around the outlook for interest rates in Britain, despite growing signs of a slowing economy.

Financial markets have already priced in a roughly 90% chance of a rate hike before the end of the year.

The governor told the newspaper that with the pandemic having altered consumer behaviour, the economy had a whole range of challenges that had to be dealt with.

“We have got some very big and unwanted price changes,” he said.

(Reporting by Bhargav Acharya in Bengaluru and Andy Bruce in London; Editing by Sandra Maler)

Source Link BoE’s Bailey says inflation above target is concerning – Yorkshire Post

David Barret
David Barret

Related posts:

  1. Guns, drugs, jobs. In these Venezuelan towns, Colombian rebels call the shots
  2. ADM launches flavour production facility in China to meet growing demand
  3. Commerzbank to appoint new board members from Erste and Roland Berger – Handelsblatt
  4. Which form of venture debt should your startup go for?

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • World’s Oldest Pots: 20,000-Year-Old Vessels May Have Been Used For Cooking Clams Or Brewing Beer
  • “The Body Is Slowly And Continuously Heated”: 14,000-Year-Old Smoked Mummies Are World’s Oldest
  • Pizza Slices, Polaroid Pictures, And Over 300 Hats: What’s Left Behind In Yellowstone’s Hydrothermal Areas?
  • The Mathematical Paradox That Lets You Create Something From Nothing
  • Ancient Asteroid Ripped Apart In Collision Had Flowing Water
  • Flying Foxes Include The World’s Biggest Bat And The Largest Mammal Capable Of True Flight
  • NASA Responds To Claims That Interstellar Object 3I/ATLAS Is An Advanced Alien Spacecraft
  • Millions Of Tons Of Gold Are In Earth’s Oceans, Potentially Worth Over $2 Quadrillion
  • The Race Back To The Moon: US Vs China, Will What Happens Next Change The Future?
  • NOAA Issues G3 Geomagnetic Storm Warning As 500,000 Kilometer Hole Sends Solar Wind At Earth
  • Lasting 776 Days, This Is The Longest Case Of COVID-19 Ever Recorded
  • Living Cement: The Microbes In Your Walls Could Power The Future
  • What Can Your Earwax Reveal About Your Health?
  • Ever Seen A Giraffe Use An Inhaler? Now You Can, And It’s Incredibly Wholesome
  • Martian Mudstone Has Features That Might Be Biosignatures, New Brain Implant Can Decode Your Internal Monologue, And Much More This Week
  • Crocodiles Weren’t All Blood-Thirsty Killers, Some Evolved To Be Plant-Eating Vegetarians
  • Stratospheric Warming Event May Be Unfolding In The Southern Polar Vortex, Shaking Up Global Weather Systems
  • 15 Years Ago, Bees In Brooklyn Appeared Red After Snacking Where They Shouldn’t
  • Carnian Pluvial Event: It Rained For 2 Million Years — And It Changed Planet Earth Forever
  • There’s Volcanic Unrest At The Campi Flegrei Caldera – Here’s What We Know
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version